Alabama Code > Title 10A > Chapter 2A > Article 8 > Division D – Officers
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§ 10A-2A-8.40 | Officers |
§ 10A-2A-8.41 | Functions of officers |
§ 10A-2A-8.42 | Standards of conduct for officers |
§ 10A-2A-8.43 | Resignation and removal of officers |
§ 10A-2A-8.44 | Contract rights of officers |
Terms Used In Alabama Code > Title 10A > Chapter 2A > Article 8 > Division D - Officers
- Alabama bank: means a bank whose home state is Alabama. See Alabama Code 5-13B-21
- Alabama state bank: means a bank chartered under the laws of Alabama. See Alabama Code 5-13B-21
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Bank holding company: has the meaning set forth in 12 U. See Alabama Code 5-13B-21
- Bank supervisory agency: means :
(1) The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and any successor to these agencies; and (2) Any agency of another state with primary responsibility for chartering and supervising banks. See Alabama Code 5-13B-21 - certificate of incorporation: as used in this chapter is synonymous to the term "certificate of formation" used in Chapter 1. See Alabama Code 10A-2A-1.40
- Contract: A legal written agreement that becomes binding when signed.
- Control: shall be construed consistently with the provisions of 12 U. See Alabama Code 5-13B-21
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- following: means next after. See Alabama Code 1-1-1
- Home state: means :
(1) With respect to a national bank, the state in which the main office of the bank is located; (2) With respect to a state bank, the state by which the bank is chartered; (3) With respect to a foreign bank, the state determined to be the home state of such foreign bank under 12 U. See Alabama Code 5-13B-21 - Home state regulator: means , with respect to an out-of-state state bank, the bank supervisory agency of the state in which such bank is chartered. See Alabama Code 5-13B-21
- Interstate merger transaction: means :
(1) The merger or consolidation of banks with different home states, and the conversion of branches of any bank involved in the merger or consolidation into branches of the resulting bank; or (2) The purchase of all or substantially all of the assets, including all or substantially all of the branches, of a bank whose home state is different from the home state of the acquiring bank. See Alabama Code 5-13B-21 - Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Out-of-state bank: means a bank whose home state is a state other than Alabama. See Alabama Code 5-13B-21
- Out-of-state state bank: means a bank chartered under the laws of any state other than Alabama. See Alabama Code 5-13B-21
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
- preceding: means next before. See Alabama Code 1-1-1
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- Resulting bank: means a bank that has resulted from an interstate merger transaction under this article. See Alabama Code 5-13B-21
- State: means any state, territory, or other possession of the United States, including the District of Columbia. See Alabama Code 5-13B-21
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
- Superintendent: means the Superintendent of Banks then in office and, where appropriate, all of his or her successors and predecessors in office. See Alabama Code 5-13B-21
- United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1